Wandera, a mobile security platform for enterprises, today released a study focused on mobile security risks for the financial services sector. The company analyzed data from 25,000 corporate mobile devices given to employees across 64 asset management and investment firms.

Mobility has changed the way businesses operate and Wandera offers organizations a solution for mobile threat defense and data management, using a unique gateway architecture to protect and enable corporate mobility. This report looks at real data from the mobile estates of global asset management and investment firms; providing analysis, benchmarking and best practice guidance on keeping devices secure and managing data consumption.

From Mar.- Dec. 2017 the data used by employees on mobile devices grew by 93 per cent (one gigabyte into more than 1.6 gigabyte). The most used app categories on employee devices in asset management and investment firms are photo and video and social media. The top 10 apps by data usage are:

Web browsers

Mail

App Store

Facebook

Instagram

Spotify

Google Maps

YouTube

Snapchat

iTunes

“The financial services sector can’t afford to be complacent when it comes to allocating resources to strengthen their security,” said Joel Windels, VP of marketing at Wandera. “Our research shows that one in six asset management and investment firms don’t even have an enterprise mobility management solution in place, which is alarming considering the amount of personal financial data they hold.”